Private Retirement Scheme hits RM500m with 100,000 members

KUALA LUMPUR: The Private Pension Administrator Malaysia (PPA) said the asset under management (AUM) for Private Retirement Scheme (PRS) has hit the RM500mil mark, as member base for the voluntary long-term retirement saving and investment scheme rose to 100,000 members. 

PPA said the AUM and member base increased 79% and 52% respectively from end December 2013.